Zinkia Entertainment (XMAD:ZNK) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2020)

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What is Zinkia Entertainment LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Zinkia Entertainment's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.22.

Zinkia Entertainment's long-term debt to total assets ratio declined from Dec. 2018 (0.27) to Dec. 2020 (0.22). It may suggest that Zinkia Entertainment is progressively becoming less dependent on debt to grow their business.

Zinkia Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zinkia Entertainment's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zinkia Entertainment LT-Debt-to-Total-Asset Chart

Zinkia Entertainment Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.08

0.29

0.27

0.21

0.22

Zinkia Entertainment Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.30	0.27	0.21	0.22

Zinkia Entertainment LT-Debt-to-Total-Asset Calculation

Zinkia Entertainment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	3.311	/	14.764
	=	0.22

Zinkia Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	3.311	/	14.764
	=

Zinkia Entertainment (XMAD:ZNK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Zinkia Entertainment LT-Debt-to-Total-Asset Related Terms

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Zinkia Entertainment (XMAD:ZNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zinkia Entertainment SA (XMAD:ZNK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Infantas, 27, 1st Floor, Madrid, ESP, 28004

Website

http://www.zinkia.com

Zinkia Entertainment SA is engaged in the entertainment sector. It develops and produces television series, movies, and video games. The company's brand profile includes Pocoyo, Mola Noguru, Shuriken School, and others. Its series and apps are distributed on different platforms and devices such as TV, VOD, DVD, mobile devices, YouTube, among others.

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